1700 W Reelfoot Ave - Storefront FOR SALE
Union City, TN 38261 |
$5,979,612 USD
214-692-2216
1700 W Reelfoot Ave
Union City, TN 38261
HIGHLIGHTS
- NEW CORPORATE TENANTS | Five Below and T.J. Maxx just moved into the suites signing on to 10-year lease backed by a corporate guarantee.
- POWER CENTER OUTPARCEL | The offering outparcels to other major tenants such as Harbor Freight, Hibbit Sports, and Maurices, among other synergistic.
- STRONG TRAFFIC COUNTS | Reelfoot Ave sees over ±15,940 VPD, the main throughway of Union City.
- PRIME LOCATION | The strip center is strategically situated in Union City’s primary retail corridor, ensuring excellent visibility and accessibility.
- PARKING & ACCESSIBILITY | Ample parking and a well-designed layout make the strip center convenient and appealing for shoppers and tenants alike.
- COMPETITIVE PRICE PER SQUARE FOOT | The current rental rates are replaceable, offering strong upside potential upon tenant renewals or future leasing.
FOR SALE DETAILS
PRICE
$5,979,612 USD
PRICE/SF
$85 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
REELFOOT AVE SHOPPING CENTER
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
388
LAND DETAILS
LAND ACRES
16.67 AC
LAND SF
726,145 SF
ZONING
CS
APN/PARCEL ID
059-014.05
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214-692-2216
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214-692-2216
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